The Pantry Reaches New 52-Week High at $20.01 (PTRY)
The Pantry (NASDAQ:PTRY) reached a new 52-week high during mid-day trading on Monday , StockRatingsNetwork reports. The stock traded as high as $20.01 and last traded at $19.95, with a volume of 152,748 shares. The stock had previously closed at $19.00.
A number of research firms have recently commented on PTRY. Analysts at Zacks upgraded shares of The Pantry from a “neutral” rating to an “outperform” rating in a research note on Monday, August 4th. They now have a $19.30 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of The Pantry in a research note on Thursday, July 31st. They now have a $18.00 price target on the stock, up previously from $16.00. Finally, analysts at Macquarie upgraded shares of The Pantry from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 28th. They now have a $14.00 price target on the stock, down previously from $29.00.
The stock has a 50-day moving average of $16.74 and a 200-day moving average of $15.58. The company’s market cap is $466.5 million.
The Pantry (NASDAQ:PTRY) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.29. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts predict that The Pantry will post $0.48 earnings per share for the current fiscal year.
The Pantry, Inc (NASDAQ:PTRY) is an independently operated convenience store chain in the southeastern United States.
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